importance of unfunded, state pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate of … is rapid and unfunded pensions are currently generous. …

until 2050. To quantify the effects on pensions, taxes and social contributions, we use an overlapping generations model …

proportional taxation increases the cost of self-control, and that this adverse effect is more acute when public pensions become …

rules, such as a link between life expectancy and pensions or retirement age, the tax regime shift can be used to improve …

This paper studies how prefunding public pensions can improve policy outcomes when short-sighted governments cannot … commit. We focus on sustainable plans, where optimal nonlinear pensions are not reneged on by sequential governments …. Prefunding pensions is a commitment mechanism. It implies lower contributions than does the second best policy, which reduces …

How should pensions be taxed? In many cases pension savings are usually taxed more leniently than other forms of … vis pensions. It is argued that the incentive structure related to pension savings and retirement can not be seen … independently from how private pensions (and savings more generally) affect public pensions via meanstesting. The effective rates of …

pensions. Present and future public subsidies may at the same time be reduced. We propose a quantitative analysis of the 2008 … reform of the Paris Metro pensions. Focusing on the case of train drivers, we show that the reform should save public funds …